XTE 1.77% 57.5¢ xtek limited.

Ann: XTEK Shareholder Newsletter for July 2014, page-65

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 311 Posts.
    Concerning the UAV business, that's where the chairman is the most bullish.

    http://www.smh.com.au/business/defence-and-security-firm-xtek-expands-20141103-11fnc9.html

    "
    Mr Boettcher said unmanned aerial vehicles held the greatest potential for XTEK.
    "The US Defense [Department] has something like 23,000 UAVs in service, an extraordinary number. Most of those UAVs were supplied by AiroVironment, a world leader in this field," he said.
    "We are the exclusive agent for AiroVironment in Australia, and at this stage the Australian Department of Defence agencies have very few UAVs."
    XTEK hoped to be called on by the Australian Defence Department to protect soldiers with UAVs and give them visibility in advance of what they could hear or see."

    I think we will probably see a few more sales coming up during H1, especially with the increased security threats and the extra funds.
 
watchlist Created with Sketch. Add XTE (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.